Pakistan’s Petroleum Demand Surges as OMCs Post Strong September 2025 Sales
KARACHI (October 2, 2025): Pakistan’s oil marketing companies (OMCs) posted a strong performance in September 2025, with total petroleum sales climbing to 1.4 million tons, up 8% year-on-year (YoY) and 5% month-on-month (MoM), according to data shared by Topline Securities.
This momentum boosted first-quarter FY26 (July–September) volumes to 3.89 million tons, reflecting a 6% YoY growth.
Ex-Furnace Oil Sales Show Impressive Growth
Excluding furnace oil (FO), which continues to face declining demand, the growth was even stronger.
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September ex-FO sales: 1.36 million tons, up 13% YoY and 6% MoM
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First-quarter FY26 ex-FO sales: 3.85 million tons, marking an 11% YoY rise
Industry analysts credit the rebound to increased economic activity and the government’s crackdown on smuggled fuel, which redirected demand back to official OMC channels.
Product-Wise Breakdown
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Petrol (MS): Up 5% YoY in the first quarter, supported by higher mobility and transport demand.
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High-Speed Diesel (HSD): Jumped 15% YoY, driven by strong industrial and agricultural usage.
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Furnace Oil (FO): Sales plunged 78% YoY in Q1 due to new petroleum and climate levies that have reduced its competitiveness in power generation and industry.
In August 2025, petroleum sales totaled 1.37 million tons (+5% YoY, +8% MoM). Petrol gained 1% MoM, HSD surged 13%, while FO dropped 29% YoY.
Company-Wise Performance
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Pakistan State Oil (PSO): Flat overall Q1 volumes at 1.63 million tons. FO sales plunged 86% YoY, but petrol and HSD grew 1% and 6%, respectively.
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Attock Petroleum Limited (APL): Quarterly sales slipped 1% YoY, though August volumes improved 3% MoM. Petrol rose 3%, HSD jumped 12%, while FO fell 73% YoY.
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WAFI: Strongest growth among peers, with a 31% YoY increase in Q1 sales and 9% MoM growth in August, supported by aggressive expansion.
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Hascol: Posted a modest recovery with sales up 5% YoY in Q1 and 3% MoM in August.
Outlook
With petrol and diesel demand rising and furnace oil losing ground, analysts expect OMCs to stay on a steady growth trajectory in FY26, especially if economic recovery and anti-smuggling measures continue.
